Bank Foreclosures & Preforeclosures
Foreclosure properties offer a way to acquire their homes at incredible prices, sometimes saving as much as 30% to 90% on the price of their home. For first-time buyers or those looking to profit from buying real estate and reselling it at a profit, foreclosures and preforeclosures can be purchased for a fraction of their market value. Before the Internet explosion, finding foreclosure homes meant buying expensive lists or knowing someone with inside information. Websites like those listed below maintain databases of thousands of foreclosure and preforeclosure homes and allow home buyers to search by state and zip code, zeroing in on their target area. This provides potential home buyers with details about the house or property, what the price of the house is, who to contact, and sometimes the address and a photo. Pre-foreclosures are homes or property that are about to go into foreclosure. This is where some of the best deals can be had, before they are seen by every real estate broker and buyer on the planet. These are generally negotiated directly with the owner, who is eager to avoid the hassles of foreclosure. [....read more....]